Pa Shun International Holdings Limited announced that with effect from October 29, 2021, Professor Xiao Kai has been appointed as the chairman of the Board, an executive Director and the chairman of the nomination committee of the Board; Mr. Zhang Tong has been appointed as a non-executive Director; Mr. Feng Junzheng ("Mr. Feng") has been appointed as the chief executive officer of the Company and an executive Director; Mr. Chen Yunwei has been appointed as a non-executive Director; Ms. Luo Ke has been appointed as an independent non-executive Director, the chairman of the audit committee of the Board and a member of each of the Nomination Committee, the remuneration committee and the corporate governance committee of the Board; Mr. Cao Lei has been appointed as an independent non-executive Director, the chairman of each of the Remuneration Committee and the CG Committee, a member of each of the Audit Committee and the Nomination Committee; and Mr. Ding Qing has been appointed as an independent non-executive Director, a member of each of the Audit Committee, the Remuneration Committee and the CG Committee. Professor Xiao Kai, aged 41, has extensive experience in investment and industrial operation and has notable achievements in mergers and acquisitions and equity investment. Mr. Zhang is currently the head of the Risk Management Department of Zhongtai Financial International Limited. Mr. Chen is currently the head of Comprehensive Management Department and co-head of Structured Finance of Zhongtai Financial International Limited. Ms. Luo had worked in RSM China Certified Public Accountants as audit project manager, SureKAM Corporation as financial manager and Beijing Sinotech Going Science and Technology company Limited as chief financial officer and financial manager. She has extensive experience in audit management, financial management as well as investment and financing management. Mr. Cao Lei was the general manager, executive director and independent director of many private enterprises and state-owned enterprises, and has more than 20 years of experience in enterprise operation and management, and is particularly familiar with and good at corporate capital operation, domestic and overseas listing business, and investment and financing business. Mr. Ding Qing is a visiting professor of Shenzhen Polytechnic, a distinguished professor of Hebei University. Mr. Feng has extensive corporate management experience and is familiar with domestic and foreign multi-level structured capital markets, and also possesses extensive experience in supply chain industry and medical industry operations.